Economically, too, London is startlingly different. The capital, unlike the country as a whole, has no budget deficit: London’s public spending matches the taxes paid in the city. The average Londoner contributes 70 percent more to Britain’s national income than people in the rest of the country.

1996 August 4, “It's Time for a Reality Check on the Deficit”, Contra Costa Times, Contra Costa, CA:

But Wall Street, which has a case of deficit-attention disorder, is no longer focused on a balanced budget. "The bond market only worries about one thing at [a time.]